Quantbot Technologies LP Takes $8.94 Million Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Quantbot Technologies LP acquired 262,860 Chipotle shares worth approximately $8.94 million in the second quarter. Institutional investors and hedge funds collectively own 91.3% of CMG’s outstanding stock.
• Wall Street maintains a favorable outlook, with 24 analysts rating Chipotle a Buy and nine a Hold. The stock has a consensus rating of “Moderate Buy” and an average price target of $44.16.
• Chipotle’s latest quarterly results slightly exceeded expectations, with earnings of $0.33 per share and revenue of $3.35 billion, up 9.3% year over year. Shares opened at $36.84, while the stock’s 52-week range is $28.03 to $43.72.

Quantbot Technologies LP acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 262,860 shares of the restaurant operator's stock, valued at approximately $8,937,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at approximately $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $28,000. Meeder Asset Management Inc. acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $27,000. Finally, Kelleher Financial Advisors purchased a new position in Chipotle Mexican Grill in the second quarter worth approximately $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen reissued a "buy" rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Morgan Stanley upped their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. UBS Group reiterated a "buy" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Guggenheim reissued a "neutral" rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Finally, Barclays reduced their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.16.

Chipotle Mexican Grill Stock Up 4.4%

Shares of NYSE CMG opened at $36.84 on Friday. The business's 50 day moving average is $33.80 and its two-hundred day moving average is $33.99. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $43.72. The firm has a market cap of $46.62 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the business posted $0.33 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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